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Coupang Inc (CPNG) Is Up 31.81% in 2024 With Lots of Room to Run

Coupang Inc (NYSE: CPNG) is 31.81% higher on its value in year-to-date trading and has touched a low of $13.51 and a high of $23.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPNG stock was last observed hovering at around $21.41 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $21.34, the stock is 0.00% and -3.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.57 million and changing -0.33% at the moment leaves the stock 17.04% off its SMA200. CPNG registered 27.63% gain for a year compared to 6-month gain of 35.58%.

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The stock witnessed a -2.51% loss in the last 1 month and extending the period to 3 months gives it a 15.79%, and is 1.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 2.77% over the month.

Coupang Inc (CPNG) has around 78000 employees, a market worth around $38.16B and $25.70B in sales. Current P/E ratio is 30.31 and Fwd P/E is 38.67. Profit margin for the company is 4.96%. Distance from 52-week low is 57.96% and -10.22% from its 52-week high. The company has generated returns on investments over the last 12 months (18.70%).

The EPS is expected to shrink by -87.34% this year.

Coupang Inc (CPNG) Top Institutional Holders

The shares outstanding are 1.62B, and float is at 1.18B with Short Float at 1.94%.

Coupang Inc (CPNG) Insider Activity

The most recent transaction is an insider sale by Kolari Pranam. SEC filings show that Kolari Pranam sold 673 shares of the company’s common stock on Jul 02 ’24 at a price of $21.13 per share for a total of $14220.0. Following the sale, the insider now owns 0.18 million shares.

Coupang Inc disclosed in a document filed with the SEC on Jun 17 ’24 that Sun Benjamin (Director) sold a total of 700,000 shares of the company’s common stock. The trade occurred on Jun 17 ’24 and was made at $20.63 per share for $14.44 million. Following the transaction, the insider now directly holds 2.17 million shares of the CPNG stock.

Still, SEC filings show that on May 30 ’24, Kang Hanseung (Rep Director, Business Mngmt) disposed off 40,000 shares at an average price of $23.00 for $0.92 million. The insider now directly holds 544,478 shares of Coupang Inc (CPNG).

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